The Nigerian Electricity Regulatory Commission (NERC) has appealed to the Federal Government to address the persistent issue of
The Nigerian Electricity Regulatory Commission has appealed to the Federal Government to address the persistent issue of non-payment and rising debts within the power sector, particularly from international customers.
The report breaks down the debt situation, showing that the DisCos had a cumulative upstream invoice of approximately ₦270 billion for Q4 2023, which included ₦223 billion for generation costs from the Nigerian Bulk Electricity Trading company and about ₦47 billion for transmission and administrative services by the MO.
Furthermore, none of the four international customers made payments against the $12.02 million cumulative invoice for services rendered in Q4 2023, although some payments were made for previous quarters. The rising debt in the power sector is exacerbated by inadequate power supply, with the country generating only about 5,000 megawatts despite the grid’s 12,000 MW capacity.
A priest attached to the Catholic Diocese of Yola, Very Rev. Oliver Buba, who was recently abducted by unknown gunmen in Adamawa State, has regained freedom. Buba, as earlier reported by The Guardian, was abducted on May 21, 2024 at St. Rita's Catholic Church in Bare community in the Numan Local Government Council of the…
The health ministry in Hamas-run Gaza said Thursday that at least 36,224 people have been killed in the territory during more than seven months of war between Israel and Palestinian militants.An international multinational manufacturer of diapers and sanitary products, Kimberly-Clark, is set to stop production of Huggies diapers and the sanitary pad brand Kotex in Nigeria. This is according to an online business news platform, Nairametrics.
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